November 2024 - Page 125 of 229 -

PPI Unexpectedly Prints Hotter Than Expected Across The Board

Nov 14, 2024 Jeremy Parkinson Finance 0

After yesterday’s in line – but really cooler than whispered – CPI which restored hope in a December rate cut, all eyes are on this morning’s PPI print to boost dovish hopes that the Fed’s easing cycle would remain on track. It was not meant to be, however, as the PPI came in hotter than […]

Asian Stock: Sumber Alfaria Trijaya

Nov 14, 2024 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: PT Sumber Alfaria Trijaya TbkBloomberg ticker: AMRT IJMarket cap: US$8,480mBackground: PT Sumber Alfaria Trijaya Tbk runs the convenience store chain Alfamart in Indonesia, primarily through franchised stores. It has more than 17,000 stores in Indonesia and serves […]

USD/CHF Price Prediction: Breaks Above 200-Day SMA And Continues Higher

Nov 14, 2024 Jeremy Parkinson Finance 0

USD/CHF extends its established bull trend higher. The RSI momentum indicator is flashing overbought suggesting increased risk of a pullback. USD/CHF breaks above the 200-day Simple Moving Average (SMA) and extends its short and medium-term uptrend. USD/CHF Daily Chart Given the technical analysis theory that “the trend is your friend” the odds favor more upside. However, the Relative Strength […]

Jobless Claims Complete Their Reversion To Pre-Hurricane-Disruptions Trend

Nov 14, 2024 Jeremy Parkinson Finance 0

Initial claims have now completely reverted to trend after their recent hurricane-induced blip.Initial claims rose 3,000 for the week to 217,000, while the four week moving average decreased -5,750 to 221,000. With the typical one week delay, continuing claims declined -11,000 to 1.873 million:On the more important YoY basis, initial claims were down -4.8% YoY, […]

USD/CAD Conquers 1.4000 On Trump’s Clean Sweep

Nov 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash USD/CAD climbs above 1.4000 as Donald Trump would be able to implement policies smoothly. Trump’s policies would force the Fed to slow down its rate-cut cycle. The BoC is expected to cut interest rates again by 50 bps. The USD/CAD pair visits the psychological figure of 1.4000 in Thursday’s European session for the […]

Cidara Therapeutics’ Unique Cloudbreak Platform And Its Promise In Influenza And Oncology Pipeline

Nov 14, 2024 Jeremy Parkinson Finance 0

Image Source: Cidara Therapeutics Cidara Therapeutics (CDTX) has pivoted by selling its Rezayo business and concentrating on its unique Cloudbreak platform which produces MDCs (Multi-Drug Conjugates) that combine small molecules or peptides with human antibody fragments (FC) to enhance therapeutic efficacy.The platform has produced several promising drug candidates, such as CD388, a promising anti-influenza MDC […]

Buck Still In The Driver’s Seat

Nov 14, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Though the pace of Dollar momentum has slowed, for the moment, the Buck remains in firm control with the Dollar Index extending its run to the highest level since November 1st, 2023. Looking ahead, we get US producer prices, US initial jobless claims, the ECB Minutes, ECB speak, and a Fed Powell speech.Video […]

SPY Seeing Some Trouble

Nov 14, 2024 Jeremy Parkinson Finance 0

S&P 500 presented fine intraday opportunity as per the game plan given to clients, and analogical one applies for PPI today too. I didn‘t favor chasing the initial spike higher, and subsequent price action offered better entry points.Bonds were getting a much needed (however temporary, but still much needed) reprieve, and that lifted up Russell 2000, XLU and […]

Trump-backed World Liberty Financial taps Chainlink to drive mass DeFi adoption

Nov 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways World Liberty Financial has chosen Chainlink for onchain data and cross-chain connectivity on Ethereum. WLFI aims to democratize financial access using US stablecoins and its governance managed by its WLFI token. Share this article World Liberty Financial (WLFI), a project backed by Donald Trump and his sons, has teamed up with Chainlink to […]

Gold Falls For The Fifth Consecutive Trading Session

Nov 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash On Thursday, the price of a troy ounce of Gold is lower, approaching 2,560.00 USD.The current value of Gold is at an eight-week low, influenced by the strong US dollar. The market analyses the latest inflation statistics released in the US and draws rather ambitious conclusions.The inflation statistics came out within expectations. The […]